Outcome of the Board meeting held on May 15, 2025 wherein Board of Directors approved the terms of the Rights issue.
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AVG Logistics Ltd's Board has finalized the terms for a Rights Issue of up to 36.5 lakh equity shares at Rs 145 per share, raising approximately Rs 5,293.02 Lakhs. Existing shareholders on the record date (May 21, 2026) will receive rights entitlement in the ratio 8:33, meaning they can buy 8 new shares for every 33 shares held. The issue opens on June 1, 2026 and closes on June 9, 2026. Upon full subscription, total outstanding shares will increase from 1.50 crore to 1.87 crore. The shares have a face value of Rs 10 with a premium of Rs 135 per share.
Existing shareholders face dilution of approximately 24% if they do not participate in the rights issue. Shareholders who exercise their rights will maintain their ownership percentage. The company will receive fresh capital to fund its growth plans.